Taylor Wimpey returns to profit amid stable housing market | Business | guardian.co.uk
Housebuilder Taylor Wimpey moved back into the black in the first half as it benefited from a stable housing market.
Pete Redfern, the chief executive, described the first six months of the year as "transformational" with the sale of the company's North American division and progress towards a double-digit operating margin target in the UK.
The company, which was formed from the merger of Taylor Woodrow and George Wimpey in 2007 and is Britain's second-largest housebuilder by volume, made a pre-tax profit of £28.9m compared with a loss of £2.3m a year ago.
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